Why Is Topgolf Callaway (MODG) Stock Up 12% Today?

Topgolf Callaway (NYSE:MODG) stock is on the rise Wednesday after reports spread that the golf equipment company is selling itself.According to these reports, major stockholders in the company have come together to sell their shares of MODG. That includes Blackrock Advisors LLC, Providence Equity Partners LLC and Thomas Dundon.Getting further into this news, the reports state that Topgolf Callaway will split with this sale. That would result in Topgolf being spun off into its own business. This would also h ...